Coinbase Launches Educational App Allowing Traders to Earn Crypto

Coinbase, one of the largest crypto Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term in the United States, has launched a cryptocurrency educational program called ‘Coinbase Earn’ which will also incentivize the learners with digital assets.

“Coinbase Earn allows users to earn Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term while learning about them in a simple and engaging way. The idea is for users to understand more about an asset’s utility and its underlying technology while getting a bit of the asset to try out,” Coinbase noted in its official announcement.

Today, we're launching Coinbase Earn, a new way to earn crypto while learning about digital assets. With Coinbase Earn, the idea is for users to learn about an asset’s utility and its underlying technology, while getting a bit of the asset to try out. https://t.co/tfcljhUJFe pic.twitter.com/cWa8RTDGuA

— Coinbase (@coinbase) December 19, 2018

The exchange believes that the incentives will encourage the public to learn about the new technology. Learners have to complete some activity associated with the lessons like watching videos and participating in quizzes to get the reward.

In the initial phase, Coinbase will only give the rewards in ZRX token, the native token of the Ox platform. Ox is funding the entire project, and the incentive funds will come from the firm’s external development pool.

Coinbase, however, ensured that it is going to add more cryptocurrencies to incentivize the learners in the future. “Over time, we plan to add more educational content as well as the ability to earn other cryptocurrencies,” stated Coinbase.

Although the program is invite-only for now, the educational content is available to anyone in the world. Moreover, enthusiasts can sign up to a waitlist to join the incentivized program at a later stage.

The announcement also explained the technological complexities which created a barrier for the general population to understand cryptocurrencies. “Mining cryptocurrency typically requires technical knowledge and high upfront costs, while buying cryptocurrency can require disposable income to exchange for cryptocurrencies,” the exchange stated.

Moreover, to promote cryptocurrencies, the exchange has launched a 12-day program in the holiday season and is announcing new features and support for cryptocurrencies daily.